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Tax news roundup: 10 May 2021

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

10 May 2021 00:00 | Published by a

Weekly roundup of HMRC Post-Brexit import, export and customs guidance: 10 May 2021

HMRC has updated its import, export and customs guidance to reflect the Post Brexit regime. The update covers the period from 4 May 2021 to 10 May 2021.

10 May 2021 00:00 | Published by a

Weekly roundup of HMRC manual changes: 10 May 2021

10 May 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

10 May 2021 00:00 | Published by a

HMRC advice for businesses importing goods from Europe

HMRC has offered advice to businesses in Great Britain on how to submit their delayed customs import declarations for non-controlled goods imported from the EU.

07 May 2021 00:00 | Published by a

Updated HMRC guidance for trustees

HMRC has updated its guidance for trustees to add information on updating trust details for trusts registered before May 2021, proof of registration and closing a trust.

05 May 2021 00:00 | Published by a

Agent Services Account: upcoming changes for VAT and trusts & estates

HMRC has announced ‘imminent’ changes to the Agent Services Account (ASA) homepage.

05 May 2021 00:00 | Published by a

Updated guidance on checking employment status for tax

HMRC has updated its guidance on how to use the Check Employment Status for Tax (CEST) tool to reflect the 6 April 2021 changes to the off-payroll working rules.

05 May 2021 00:00 | Published by a

HMRC Guidance: Importation and exportation of goods into Northern Ireland

HMRC has updated its guidance with an explanation of what the words 'importation of goods' and the 'exportation of goods' cover.

05 May 2021 00:00 | Published by a

HMRC Guidance: Trust Registration service

HMRC has updated its guidance on the rules for registering a trust using the Trust Registration Service (TRS).

05 May 2021 00:00 | Published by a

Charities: donations made by way of waiving a refund or loan repayment

HMRC has updated its guidance to reflect its changed position on the treatment of donations via waived refunds and loan repayments.

04 May 2021 00:00 | Published by a

OECD and CREDAF renew partnership to strengthen tax co-operation

The OECD and the Cercle de réflexion et d’échange des dirigeants des administrations fiscales (CREDAF) have signed a renewal of their Memorandum of Understanding (MoU) to extend their collaboration in promoting fair and efficient tax systems.

04 May 2021 00:00 | Published by a

Tax news roundup: 3 May 2021

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

03 May 2021 00:00 | Published by a

Finance Bill 2021: roundup of developments as at 3 May 2021

The Public Bill Committee finished its consideration of the Finance Bill on 27 April, approving all Government amendments. No date has yet been set for Report Stage.

03 May 2021 00:00 | Published by a

Weekly roundup of HMRC manual changes: 3 May 2021

3 May 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

03 May 2021 00:00 | Published by a

Weekly roundup of HMRC Post-Brexit import, export and customs guidance: 3 May 2021

HMRC has updated its import, export and customs guidance to reflect the Post Brexit regime. The update covers the period from 26 April 2021 to 3 May 2021.

03 May 2021 00:00 | Published by a

Consultation: Residential Property Developer Tax

A consultation has been launched on the design of the new Residential Property Developer Tax (RPDT). The tax is one of the government’s measures to bring an end to unsafe cladding, provide reassurance to homeowners and support confidence in the housing market. The consultation closes at 11:45pm on 22 July 2021.

30 Apr 2021 00:00 | Published by a

Brexit: the first 100 days

KPMG Germany has produced a report on the impact for business of Brexit, 100 days after the end of the transition period.

30 Apr 2021 00:00 | Published by a

Milestone for UK financial services as Bill receives Royal Assent

The Financial Services Bill has received Royal Assent and is now law. Among other things, the Financial Services Act contains measures that enable the implementation of the remaining Basel III standards and a new prudential regime for investment firms, and give the Financial Conduct Authority (FCA) additional powers to oversee an orderly transition away from the LIBOR benchmark.

30 Apr 2021 00:00 | Published by a

Updated stamp duty guidance for land or share transfers

HMRC has updated its guidance on stamp duty reliefs and exemptions to confirm stock transfer forms stamped under the new stamp duty procedures will be ‘duly stamped’.

30 Apr 2021 00:00 | Published by a

HMRC guidance: Working through an umbrella company

HMRC has published new guidance which details how and what agency workers or contractors will be paid if they work through an umbrella company.

30 Apr 2021 00:00 | Published by a

Popular Articles

Settlor-interested trusts

Settlor-interested trustsWhat is a settlor-interested trust?A settlor-interested trust is one where the person who created the trust, the settlor, has kept for himself some or all of the benefits attaching to the property which he has given away. A straightforward example is where a settlor

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Losses on shares set against income

Losses on shares set against incomeUsually, allowable capital losses can only be set against chargeable gains. If the losses are not fully utilised against gains in the year in which they arise, the excess is carried forward to use against future gains. See the Use of capital losses guidance note

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Holding companies ― VAT status of activities

Holding companies ― VAT status of activitiesThis guidance note examines how to determine the VAT status of a holding company’s activities. In particular, it looks at:•when a holding company is or is not in business•if a holding company is in business, whether its activities are exempt or taxableThe

14 Jul 2020 17:13 | Produced by Tolley Read more Read more